Singapore-based Qtum has launched its decentralized application (DApp) development platform on Amazon Web Services (AWS). With this launch, AWS users and developers community will have access to Qtum’ platform and will be able to develop, create and launch smart contracts using an Amazon’s advanced tools like Amazon Machine Image (AMI), made up of Qtum Core, Solidity and Qmix web IDE.
Qtum’ AWS move could be a game changer
Qtum, which is a hybrid platform was developed by the Qtum Foundation. It uses the Account Attraction Layer, an interface layer, to collaborate on the power of Bitcoin’s blockchain with the Ethereum Virtual Machine to build decentralized applications. Initially designed to work as a toolkit, Qtum platform uses the proof-of-stake model to limit the network’s computational trouble while mitigating and resolving scalability.
While Qtum has the potential to unleash its strengths on the AWS, AWS is an equally strong platform to take Qtum DApps to users along the globe. AWS has more than 1 million active customers in 190 countries, including nearly 2,000 government agencies, 5,000 schools, and over 17,500 nonprofits. Its reach and market share in server space is incomparable.
Overall, AWS is as big as its next four competitors combined, namely Microsoft, IBM, Google and Salesforce as it has data centers located in 12 geographic regions worldwide, with 5 more scheduled to open later this year. Amazon’s storage service, S3, holds trillions of objects and serves up millions of requests per second. Plus AWS customers use 143 million hours a month of services from 2,500 third-party software services.
Features and usage
One of the positives of using the new Qtum AMI on AWS is the effortlessness of starting on the blockchain without the “hassle of handling dependencies.” The platform even makes it possible for anyone to run a Qtum node or use Qtum pre-installed to launch a server on its mainnet or testnet.
Users can deploy a test network on the case basis to simulate a public blockchain without paying any fees or charges as the Qtum AMI is free for AWS customers to deploy a Qtum instance (server). This will also permit companies to launch its servers without “having to spend a large number of resources on infrastructure.”
According to Palencia, this is what makes the Qtum technology attractive to both small and large businesses.
As far as features are concerned, the Qtum AMI is a Qmix development IDE – the development libraries and tools created for the desktop QT wallet – which launches by default. Users will also get the Qtum and Solidity compiler needed for building and executing smart contracts.
Amazon Web Services has been quite active amongst the blockchain startup space since it opened its arms to blockchain startups in 2016. Earlier this year, AWS also partnered with ConsenSys, allowing it to launch Kaleido, a service similar to Qtum’s, which streamlines the adoption and implementation of blockchain technology.
but what differs Qtum’s offering from that of Kaleido is the Qtum is not strictly for enterprise,
“but for end users, as well as anyone wanting to create and build something on the Qtum blockchain.”
Speaking to Bitcoin Magazine, Qtum Foundation CIO Miguel Palencia said,
“Qtum’s launch in the AWS marketplace provides an easy-to-use and powerful cloud-based solution for end users and the Enterprise. Anyone who wants to develop/build DApps on the Qtum platform or use it as a staking node will benefit from this.”
Bringing DApps platforms like Qtum and Kaleido on AWS is a solid move because, on one hand, it reduces infrastructure cost for developers of blockchain on the other a lot of AWS users get access to the blockchain platform. A clear win-win for both, blockchain and developer’s community.
Will more platforms like Qtum move to AWS to provide ease to developers? Do let us know your views on the same.
Disclaimer The views, opinions, positions or strategies expressed by the authors and those providing comments are theirs alone, and do not necessarily reflect the views, opinions, positions or strategies of CoinGape. Do your market research before investing in cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.